DOWNERS GROVE, Ill., Aug. 1, 2012 /PRNewswire/ -- Hub Group (NASDAQ: HUBG), a leading provider of transportation solutions, broke ground today on a 130,000 square foot headquarters in Oak Brook, Ill. Morgan / Harbour Construction is handling construction of the four-story, planned LEED-Gold certified office building scheduled for completion in late 2013.
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Hub Group is a $2.8 billion asset-light freight transportation management company that provides comprehensive intermodal, truck brokerage and logistics services. The company reported record second quarter earnings on July 19. A top 50 publicly-traded company in the Chicago area--the transportation hub of North America--the Company has about 1,600 employees with operations throughout the United States, Canada and Mexico. The Company is relocating its headquarters with more than 500 employees from Downers Grove.
"This is an important moment in our company's 41 year history. We have experienced tremendous growth and are positioning ourselves for the future with our new headquarters in Oak Brook," said David P. Yeager, Chairman and CEO of Hub Group, and son of the company's founder. "We were fortunate to have landed in a great village that works tirelessly with businesses to grow and enhance the community."
"The new building exemplifies our commitment to sustainability," said Yeager. "With features including high-efficiency HVAC, energy efficient lighting controls and storm water harvesting, our goal is to achieve LEED Gold status."
The 17-acre site, located in the I-88 Tech Corridor at 2000 Clearwater Drive in Oak Brook, will feature natural habitat landscaping, ponds and walking trails.
Leading the project for Morgan / Harbour are President Warren Seil and Vice President of Construction Ben Warriner. "We are pleased to have been selected as the General Contractor for Hub Group's new headquarters and for the first new office building in Oak Brook in more than a decade," said Warren Seil, president of Morgan / Harbour Construction. "We look forward to working with the Hub Group and the Village of Oak Brook on this exciting project."
About Hub Group
Hub Group is a $2.8 billion asset light freight transportation management company providing comprehensive intermodal, truck brokerage and logistics services. The Company operates through a network of offices throughout the United States, Canada and Mexico. For more information, visit www.hubgroup.com.
About Morgan / Harbour
Morgan / Harbour Construction, headquartered in Woodridge, Illinois, is a full-service design/build general contractor and construction manager specializing in both tenant improvements and ground-up construction for distribution/warehouse, food grade manufacturing, office, retail, medical/health, multi-use sports, data centers, and financial institution properties. For more information visit www.morganharbour.com.
SOURCE Hub Group
Hub Group, Elena Izakson, eizakson@hubgroup.com, +1-630-795-2202; or Morgan/Harbour, Kristy Wenz, kristy@endurallc.com, +1-773-458-3050